The Financial Crisis and the Free Market Cure

Why Pure Capitalism Is the World Economy's Only Hope

The Financial Crisis and the Free Market Cure argues against current financial regulations and proposes a cure to the economy's ills. John A. Allison presents the groundbreaking theory that capitalism is the only economic-political system that allows freedom of thought and rewards those who offer the most productive ideas, products, and services.

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Quoted: /// rewards those who offer the most productive ideas, products..\\\ What the heck???? Naked swaps and institutionalized naked shorting are /// productive ideas \\\ ? Endless CDO variants from JPMorgan Chase (who also gave us that naked swap, via the Credit Default Swap) are /// productive ideas \\\ ? This book is such utter tripe it isn't even worth discussing. (The author is president of the Cato Institute, financed by the hedge funds, which together with the banksters, caused and profited from greatly the financial meltdown.) Follows the typical neocon meme: the poor were responsible for the meltdown, ignoring the facts (e.g., Abacus CDO, Timberwolf CDO, Point Pleasant CDO, Magnetar Capital, rating services, AIG Financial Products, an on and on and on....). FYI: Credit derivatives allowed banks to lend far, far more to those PE/LBO firms and hedge funds, with the PE firms destroying companies and employment for their ill-gotten profit, and the hedge funds doing ultra-speculation, having the same results.

Mr. Allison provides a well researched historical and current analysis of the financial crisis since the housing market and recession began in 2007.

Mr. Allison carefully informs the reader in careful research analysis, and experience, how we came to the 2007 financial crisis, the reaction and new regulations, and the future impact these regulations will have.

For all conservatives, I strongly recommend this as a must book read. Highly informative.